Nio

Nio will begin deliveries of four new models in the second quarter, including the new ES6, with a fifth model to be delivered in July.

That delivery volume included 5,037 SUVs, and 7,120 sedans.

Nio's vehicle margin was negatively impacted by 6.7 percentage points in the fourth quarter due to accelerated depreciation of production facilities and the loss of purchase commitments for older models.

As of February 28, Nio had 296 Nio Spaces worldwide, a reduction of three from 299 at the end of January.

Nio's second Nio House in Germany will be located in Frankfurt. Its first flagship showroom in the country is located in Berlin.

Nio's third-generation battery swap stations will be compatible with ALPS models, an executive said.

The Nio ET5 contributed 53 percent of the volume with 1,786 insurance registrations last week.

Nio added three battery swap stations today, bringing the number of the facility in China to 1,320.

Nio's battery team has been boosted to 1,000 people and is developing its own lithium manganese iron phosphate (LMFP) and 46 series ternary batteries, according to local media.

Nio's F1 plant is operating normally and is preparing for the introduction of new platform models, a spokesperson told CnEVPost.